*This offer is conditioned on final approval based on our consideration and verification
of financial and non-financial information. This offer may be accepted only by the
person identified in this offer, who is old enough to legally enter into contract for
the extension of credit, a US citizen or permanent resident, and a current resident of
the US. May not be available in all states. Duplicate offers received as a result of
multiple mailings to the same person are void. Closing your loan is contingent on your
meeting our eligibility and underwriting requirements, our verification of your
information, your agreement to the application terms and conditions, and your agreement
to the terms and conditions on the bankmobile.upstart.com website. BankMobile
reserves the right to discontinue this offer at any time, or to alter any of the terms
and conditions of this offer at any time without notice. Accounts are held at Customers
Bank, Member FDIC and Equal Housing Lender.
1 Your loan amount will be determined based on your credit,
income, and certain other information provided in your
loan application. Not all applicants will qualify for the
full amount.
The minimum loan amount is $6,000 for borrowers in Ohio.
Monthly Payment Example: a 3-year loan with an APR of 16%
and 36 monthly payments will have a payment of $35 per $1,000
borrowed.
2 When you check your rate, we check your credit report.
This initial (soft) inquiry will not affect your credit score.
If you accept your rate and proceed with your application,
we do another (hard) credit inquiry that will impact your credit score.
If you take out a loan, repayment information will be reported to
the credit bureaus.
3 The .25% rate discount will be applied to the interest rate and be effective for the
term of the loan when the loan proceeds are funded into a BankMobile or Customers Bank
Deposit Account. A BankMobile Deposit Account or Customers Bank Deposit Account must
be verified for disbursement of the loan proceeds.
4 As part of your accomplishment and demonstrated financial fitness, the Payback Reward
is equal to 1% of your financed loan amount. Reward to be paid within 30 business days
of loan payoff, directly deposited into a BankMobile Deposit Account or Customers Bank
Deposit Account. To qualify for and earn the 1% Payback Reward, borrowers are required
to meet the following criteria:
- Pay the loan balance to a zero balance within the term of the loan
- Make a minimum of 12 consecutive on-time monthly payments, and
- Maintain an active BankMobile Deposit Account or Customers Bank Deposit Account
throughout the life of the loan and at least 30 business days after the loan is paid
off.